Welcome to today's Money Minute.
In the US, we get one of the most important data releases of the month the US nonfarm payrolls figures. This shows the state of the US jobs market for the month of August. There are two key numbers to watch.One, the number of jobs added during the month, which is expected to come in at 165,000. And two, the annual rate of wage growth, which is expected to come in at 3.2%.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
If either or both of these figures beat expectations, it might make it harder for the Federal Reserve to justify cutting interest rates at its next meeting in mid-September. But if the figures come in below expectations, investor concerns about a pending recession will grow.
-
Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
-
Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
